591 – 605 Doncaster Road, Doncaster, VIC

The property comprised four, two-level commercial buildings constructed between 1994 and 1998 with 8,921 m2 NLA. The properties were on four separate titles.

The investment strategy identified at purchase highlighted the opportunity to re-lease vacancies and commence a sell down of each building when the releasing of each building is complete.  

Investment Outcome: A 2 year investment horizon with the majority of equity paid back from the sale of the first two buildings.

Purchase Price / Date

$17.3m / Dec 2009

Selling Price / Date

$23.0m / Nov 2011

Investor IRR Post Fees

49.00% per annum